Edgewell Personal Care (NYSE:EPC) Price Target Cut to $21.00 by Analysts at Morgan Stanley

Edgewell Personal Care (NYSE:EPC) had its price target reduced by research analysts at Morgan Stanley from $23.00 to $21.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 24.11% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Royal Bank Of Canada decreased their price target on Edgewell Personal Care from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday. Zacks Research raised shares of Edgewell Personal Care from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Canaccord Genuity Group dropped their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Barclays decreased their price target on shares of Edgewell Personal Care from $22.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Edgewell Personal Care in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.17.

Edgewell Personal Care Trading Down 4.9%

Shares of NYSE EPC traded down $0.88 during midday trading on Tuesday, hitting $16.92. The company’s stock had a trading volume of 554,904 shares, compared to its average volume of 676,452. The business’s 50 day moving average is $19.91 and its two-hundred day moving average is $23.41. Edgewell Personal Care has a 12-month low of $16.82 and a 12-month high of $38.44. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. The firm has a market cap of $786.22 million, a P/E ratio of 12.53 and a beta of 0.81.

Edgewell Personal Care (NYSE:EPC) last issued its earnings results on Thursday, November 13th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.14). Edgewell Personal Care had a net margin of 2.94% and a return on equity of 8.06%. The firm had revenue of $537.20 million for the quarter, compared to the consensus estimate of $532.67 million. During the same period last year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Edgewell Personal Care has set its FY 2026 guidance at 2.150-2.550 EPS. As a group, equities research analysts expect that Edgewell Personal Care will post 3.16 EPS for the current year.

Institutional Trading of Edgewell Personal Care

Several institutional investors have recently added to or reduced their stakes in EPC. PNC Financial Services Group Inc. boosted its stake in Edgewell Personal Care by 238.5% during the first quarter. PNC Financial Services Group Inc. now owns 975 shares of the company’s stock worth $30,000 after acquiring an additional 687 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Edgewell Personal Care by 195.3% during the second quarter. First Horizon Advisors Inc. now owns 1,837 shares of the company’s stock worth $43,000 after buying an additional 1,215 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Edgewell Personal Care by 167.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,968 shares of the company’s stock worth $46,000 after acquiring an additional 1,231 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in Edgewell Personal Care during the 2nd quarter valued at about $69,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Edgewell Personal Care in the third quarter worth approximately $87,000. 91.91% of the stock is currently owned by institutional investors.

Edgewell Personal Care Company Profile

Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.